Why ITSA chose Circle.co for Community Platform
Community management platforms such as Discord play a crucial role in fostering online communities by providing a centralized space for members to interact, share information, and collaborate. With the rise of social media and online communities, there is an increasing need for tools that make it easier for organizations like ITSA to manage and engage with their communities. Different platforms offer different features such as security, user engagement, and scalability, and it is important to select one that aligns with the goals and objectives of the community. Therefore, choosing a community management platform is not straightforward and requires careful research and consideration of the community’s needs. After careful consideration, ITSA has decided to join Circle: the all-in-one community platform.
Authors: Valentin Kalinov, Hannes Detlefsen, Christian Viehof
Why not go with Discord?
Discord has been the go-to platform for crypto communities. There are several pros and cons of using Discord for community management.
- Real-time communication: Discord allows for real-time communication and interaction among users, which can be useful for communities that need to have real-time discussions and collaborations.
- Text and voice chat: Discord supports both text and voice chat, which can be useful for communities that want to have both types of communication.
- Server organization: Discord allows for the creation of servers, which can be used to organize different groups of users and different types of conversations.
- Third-party integrations: Discord allows for the integration of third-party apps and services, such as Spotify, Twitch, and more, which can be useful for communities that want to use these services within the Discord platform.
- Limited moderation tools: Discord has a limited set of moderation tools, which can make it difficult to manage large communities or communities with a lot of spam or inappropriate behavior.
- Limited analytics: Discord has a limited set of analytics tools, which can make it difficult to measure the engagement and growth of a community.
- Privacy concerns: Discord collects a lot of data on its users and has been known to share that data with third parties, which can be a concern for users who value their privacy.
- Noise pollution: In large communities, the real-time communication feature can lead to a lot of noise and distractions, which can make it difficult for users to focus on the conversations that are important to them.
Overall, Discord can be a useful tool for community management, but it may not be the best option for every community, depending on the size, needs, and goals of the community.
Synchronous vs. Asynchronous Platforms
Synchronous community management platforms, such as Discord and Slack, allow for real-time communication and interaction among users. Messages are sent and received in real time, and users can expect an immediate response to their messages. These platforms are useful for communities that need to have real-time discussions and collaborations. These platforms require more attention from their users and moderators as communication happens in real-time. As communities grow, noise pollution from notifications could lead to negative effects for both community members and moderators.
Asynchronous community management platforms, such as Circle or Discourse, allow users to send and receive messages at any time without the expectation of an immediate response. These platforms are useful for communities where users may not be able to respond in real time or where the discussion or collaboration does not require real-time interaction. Asynchronous platforms do not require the constant attention of their users. In the case of Circle, community members can check the activity once a day or once a couple of days and not feel like they have missed everything.
In summary, synchronous platforms are designed for real-time interactions, while asynchronous platforms allow for communication at any time, with no expectation of an immediate response.
ITSA’s idea of community management is focused on crypto knowledge and expertise. As most of the community is already on Discord, we did not want to launch the next Discord server. The goal of ITSA is to provide a place for knowledge exchange without the need to be constantly active. More Discord notifications are the last thing you need when you’re trying to be productive!
ITSA’s Circle community
The community is split into space groups, each of which consists of individual spaces. The main Space Group is called General. This is where most of the communication will happen in the future. The Knowledge Space focuses on sharing interesting information and articles about crypto. We encourage everyone to share their best articles about crypto there.
Our future plan is to provide the community with exclusive events and content while staying in touch with everyone. Depending on the contribution, members will be rewarded badges for their public profiles.
Ultimately, no platform is perfect. ITSA has been impressed by Circle and will continue developing its community.
👉 Join our community here: itsa.circe.co
The International Token Standardization Association (ITSA) e.V.
The International Token Standardization Association (ITSA) e.V. is a not-for-profit association of German law that aims at promoting the development and implementation of comprehensive market standards for the identification, classification, and analysis of DLT- and blockchain-based cryptographic tokens. As an independent industry membership body, ITSA unites over 100 international associated founding members from various interest groups. In order to increase transparency and safety on global token markets, ITSA currently develops and implements the International Token Identification Number (ITIN) as a market standard for the identification of cryptographic tokens, the International Token Classification (ITC) as a standard framework for the classification of cryptographic tokens according to their inherent characteristics. ITSA then adds the identified and classified token to the world’s largest register for tokens in our Tokenbase.
- The International Token Identification Number (ITIN) is a 9-digit alphanumeric technical identifier for both fungible and non-fungible DLT-based tokens. Thanks to its underlying Uniform Token Locator (UTL), ITIN presents a unique and fork-resilient identification of tokens. The ITIN also allows for the connecting and matching of other media and data to the token, such as legal contracts or price data, and increases safety and operational transparency when handling these tokens.
- The International Token Classification (ITC) is a multi-dimensional, expandable framework for the classification of tokens. Current dimensions include technological, economic, legal, and regulatory dimensions with multiple sub-dimensions. By mid-2021, there will be at least two new dimensions added, including a tax dimension. So far, our classification framework has been applied to 99% of the token market according to the market capitalization of classified tokens.
- ITSA’s Tokenbase currently holds data on over 4000 tokens. Tokenbase is a holistic database for the analysis of tokens and combines our identification and classification data with market and blockchain data from external providers. Third-party data of several partners is already integrated, and API access is also in development.
If you like this article, we would be happy if you forward it to your colleagues or share it on social networks. More information about the International Token Standardization Association can be found on the Internet, on Twitter, or on LinkedIn.
Valentin Kalinov is an Executive Director at International Token Standardization Association (ITSA) e.V., working to create the world’s largest token database, including a classification framework and unique token identifiers and locators. He has over five years of experience working at BlockchainHub Berlin in content creation and token analysis as a project manager at the Research Institute for Cryptoeconomics at the Vienna University of Economics and token analyst at Token Kitchen. You can contact Valentin via email@example.com and connect on Linkedin if you would like to further discuss ITSA e.V. or have any other open questions.
Hannes Detlefsen is the Community Manager of the International Token Standardization Association (ITSA) e.V. and has been active in the blockchain field for several years. Currently, he is studying Business Administration at the Christian-Albrechts University in Kiel. Besides his experience in the field of security tokens, his main focus is on Decentralized Finance. You can contact Hannes via firstname.lastname@example.org and connect on LinkedIn.
Christian Viehof is an Executive Director at the International Token Standardization Association (ITSA) e.V., working to create the world’s largest token database, including a classification framework and unique token identifiers and locators. He completed his Bachelor in Economics at the University of Bonn, the Hong Kong University and the London School of Economics and Political Science with a focus on Behavioral Economics and Finance. Currently pursuing his Master of Finance at the Frankfurt School of Finance and Management, you can contact him via email@example.com and connect with him on Linkedin, if you would like to further discuss ITSA e.V. or have any open questions.